Velocity Financial, Inc. (VEL) Revenue History
Annual and quarterly revenue from 2016 to present
VEL Revenue Over Time (2016–2025)
VEL Revenue Growth History
8 of 9 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +25.8%
- FY2018 revenue growth
- +28.0%
- FY2019 revenue growth
- +25.7%
- FY2020 revenue growth
- +8.5%
- FY2021 revenue growth
- +9.3%
- FY2022 revenue growth
- +37.0%
- FY2023 revenue growth
- -47.0%
- FY2024 revenue growth
- +266.5%
- FY2025 revenue growth
- +48.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $167.9M | — |
| Q4 2025 | $182.3M | — |
| Q3 2025 | $172.3M | — |
| Q2 2025 | $166.0M | — |
| Q1 2025 | $119.3M | — |
| Q4 2024 | $124.9M | — |
| Q3 2024 | $119.3M | — |
| Q2 2024 | $114.4M | — |
Multi-year avg. share of annual revenue by fiscal quarter
VEL Revenue Analysis (2016–2025)
Current Revenue & Growth
As of June 28, 2026, Velocity Financial, Inc. (VEL) generated trailing twelve-month (TTM) revenue of $688.6 million, reflecting explosive growth of +40.8% year-over-year. The most recent quarter (Q1 2026) recorded $167.9 million in revenue, down 7.9% sequentially.
Historical Growth Trajectory
VEL's 5-year compound annual growth rate (CAGR) stands at +33.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +42.2% exceeds the 5-year average, indicating an acceleration in the most recent period. Velocity Financial, Inc.'s highest annual revenue of $714.4 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Financial Services sector peers — including RC (+751.9% YoY), ACRE (+209.4% YoY), and GPMT (+249.6% YoY) — VEL has underperformed the peer group in revenue growth. Compare VEL vs RC →
VEL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VELCurrent | $689M | +40.8% | +33.9% | 71.6% | |
 RC | $499M | +751.9% | +5.4% | 24.2% | |
 ACRE | $85M | +209.4% | +1.6% | 72.4% | |
 GPMT | $145M | +249.6% | +6.7% | 43.6% | |
 TPVG | $97M | - | - | 77.9% |
VEL Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $714.4M | - | $681.0M | 95.3% | $511.3M | 71.6% |
| 2024 | $482.8M | - | $210.6M | 43.6% | $96.4M | 20.0% |
| 2023 | $131.7M | - | $131.7M | 100.0% | $76.8M | 58.3% |
| 2022 | $248.4M | - | $90.0M | 36.2% | $44.6M | 17.9% |
| 2021 | $181.3M | - | $75.6M | 41.7% | $39.8M | 21.9% |
| 2020 | $165.8M | - | $60.9M | 36.7% | $23.1M | 13.9% |
| 2019 | $152.8M | - | $53.1M | 34.8% | $25.4M | 16.6% |
| 2018 | $121.5M | - | $45.4M | 37.4% | $19.2M | 15.8% |
| 2017 | $94.9M | - | $33.2M | 35.0% | $14.0M | 14.7% |
| 2016 | $75.5M | - | $23.2M | 30.7% | $6.8M | 9.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VEL — Frequently Asked Questions
Quick answers to the most common questions about buying VEL stock.
Is VEL's revenue growth accelerating or slowing?
VEL revenue growth is accelerating. TTM revenue reached $689M, up +40.8% year-over-year — ahead of the 5-year CAGR of +33.9%. This indicates the business is expanding faster than its historical baseline.
What is VEL's revenue history from 2016 to 2026?
Velocity Financial, Inc. (VEL) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $689M, growing at +40.8% YoY. The 5-year CAGR is +33.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VEL's long-term revenue growth rate (CAGR)?
Velocity Financial, Inc.'s 5-year revenue CAGR of +33.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +40.8% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VEL.
Why does VEL's quarterly revenue fluctuate?
VEL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Velocity Financial, Inc.'s revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is VEL's revenue distributed by segment?
VEL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VEL's revenue compare to industry peers?
Velocity Financial, Inc. (VEL) with TTM revenue of $689M and +40.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.